Year 2013 House Values See a Steady Growth

According to Greater Rochester Association Of Realtors®, our region saw a 4.7% increase in the number of homes sold in 2013 to 11,267 units. Rochester area conservative real estate market continues to demonstrate slow and steady growth in property values. Year 2013 showed 1.8% to a median home price of $127,200. City of Rochester grew a healthy 5.3% to a median price of $78,900.

In Monroe county, Mendon (Honeoye Falls Village) demonstrated highest percentage growth of median price of 11.2%, followed by Ogden (Spencerport Village) at 7.9% and Brighton (West Brighton) at 4.7%.

Although, 2013 saw a steady increase in interest rates from historic lows early in a year, interest rates are still very affordable and continue to fuel a healthy buyer activity.

As always, if you have any real estate questions, please contact me at opodzorov@nothnagle.com